Fifth Third Bancorp Increases Position in Invesco S&P 500 Equal Weight ETF $RSP

Fifth Third Bancorp boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 733.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 464,555 shares of the company’s stock after purchasing an additional 408,814 shares during the period. Fifth Third Bancorp owned about 0.11% of Invesco S&P 500 Equal Weight ETF worth $89,157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Sovran Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 19.3% during the first quarter. Sovran Advisors LLC now owns 5,629 shares of the company’s stock worth $1,145,000 after buying an additional 912 shares in the last quarter. Advisors Management Group Inc. ADV raised its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the first quarter. Advisors Management Group Inc. ADV now owns 5,701 shares of the company’s stock valued at $1,094,000 after acquiring an additional 256 shares in the last quarter. Granite Bay Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.6% during the 1st quarter. Granite Bay Wealth Management LLC now owns 182,040 shares of the company’s stock valued at $34,925,000 after acquiring an additional 6,408 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 150,025 shares of the company’s stock worth $28,793,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Summa Corp. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $239,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

Shares of RSP traded up $0.80 during midday trading on Friday, hitting $214.30. The company had a trading volume of 5,539,473 shares, compared to its average volume of 14,463,745. The stock has a market cap of $96.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company’s 50 day moving average price is $208.58 and its 200 day moving average price is $201.64. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.